FreightWaves President George Abernathy spent time with Derek Leathers, President and CEO of truckload (TL) carrier and transportation provider Werner Enterprises’ (NASDAQ: WERN) to talk all things freight at FreightWaves LIVE @HOME.
When asked about the current state of the business, Leathers referred to it as “hectic.” The outbreak of the COVID-19 pandemic and subsequent shelter-in-place mandates have created volume surges for some of the carrier’s customers while others have seen volumes...
Shares of logistics provider ArcBest Corp (NASDAQ: ARCB) are surging on a much better than expected first quarter 2020 earnings report.
In the period, the company reported adjusted earnings per share of $0.36, well ahead of the consensus estimate of an $0.11 per share loss. The result excluded $0.14 per share in costs associated with its freight handling pilot test program and included a similar amount from adjustments in its life insurance program.
The company mostly escaped the freight falloff...
Carriers and shippers have been playing a decades-long game of tug of war, passing pricing power amongst themselves as the transportation markets rise and fall. These pricing surges are one of the few certainties in an unpredictable market.
The global pandemic offers industry players the chance to trade competition for collaboration and disrupt the status quo. Carriers, 3PLs, and shippers alike are feeling the impact of the coronavirus pandemic, and companies in every corner of the industry are...
P.A.M. Transportation Services (NASDAQ: PTSI) announced that President and CEO Dan Cushman will retire after 11 years at the helm. He will remain with the company in an “advisory role” until July 31.
Cushman’s retirement is effective May 1.
The Tontitown, Arkansas-based truckload (TL) carrier plans to begin an “internal and external national search” to fill the vacancy.
“On behalf of the Board of Directors and our entire company, I want to sincerely thank Dan for his transformative leadership and...
https://www.freightwaves.com/news/cushman-to-step-down-as-ceo-at-pam-transportation